The Committee of Sponsoring Organisations of the Treadway Commission (COSO) has launched the formal process to identify its next board chair, beginning a planned shift in its leadership.
The COSO operates as a voluntary body in the private sector advising entities on internal control, risk management, governance and fraud deterrence.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The entity’s sponsoring groups are the American Accounting Association, the American Institute of CPAs and Financial Executives International. It is also supported by the Institute of Internal Auditors (IIA) and the Institute of Management Accountants.
The succession process has been triggered by the scheduled departure of current chair Lucia Wind.
Wind, who assumed the role in 2023, is set to leave the position on 31 December 2026 at the end of her term.
The IIA is handling the application and selection procedures. The new chair will be elected to begin a three‑year term on 1 January 2027.
The incoming leader will oversee the COSO’s continuing projects, including work to update and refine its frameworks, broaden its international presence, and maintain engagement with regulators, practitioners and academic communities.
COSO Board lead director Doug Prawitt said: “COSO’s work continues to evolve as organisations face increasingly complex risks and heightened expectations for transparency, accountability and effective governance.
“The next chair will play a pivotal role in shaping COSO’s direction and ensuring our frameworks remain relevant, practical and responsive to emerging challenges.”
In May last year, the COSO, in partnership with the Association of Certified Fraud Examiners, launched the COSO Fraud Risk Management Certificate programme.
